Toronto mayoral candidate, Doug Ford, has vehemently defended his work and dedication to his family label business, stressing that sales have gone up and all of the firm’s divisions are profitable. The one-term councillor boasted about his performance as president of Deco Labels and Tags, implying that his good record proves that he is best qualified to manage the public purse.
However, several reports obtained by the media show that the privately owned business has struggled financially and operationally since the 2008 recession. Documents pertaining to court filings related to a child-support case between Randy Ford and one of Deco’s three owners shows that between 2007 and 2010 the annual shareholders bonus fell by $685,000. In addition to that, six other sources related to the company revealed on condition of anonymity that mismanagement, family infighting and delays continue to plague the Toronto division, although Chicago has recovered.